Western Copper and Gold (TSE:WRN) Stock Passes Below 200 Day Moving Average – Here’s Why

Western Copper and Gold Co. (TSE:WRN) (NYSE:WRN)’s share price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$3.98 and traded as low as C$2.98. Western Copper and Gold shares last traded at C$3.06, with a volume of 873,826 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, BMO Capital Markets increased their price objective on shares of Western Copper and Gold from C$5.00 to C$5.50 and gave the stock an “outperform” rating in a report on Friday, February 27th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of C$6.50.

Western Copper and Gold Stock Up 1.3%

The stock has a market cap of C$699.46 million, a P/E ratio of 310.00 and a beta of 1.91. The company has a quick ratio of 5.52, a current ratio of 45.19 and a debt-to-equity ratio of 0.05. The business has a 50-day simple moving average of C$3.73 and a 200-day simple moving average of C$3.97.

Western Copper and Gold (TSE:WRN) (NYSE:WRN) last announced its quarterly earnings data on Friday, May 8th. The company reported C$0.01 EPS for the quarter. Analysts expect that Western Copper and Gold Co. will post -0.01 EPS for the current year.

About Western Copper and Gold

Western Copper & Gold Corp is a Canada-based exploration-stage company. It is engaged in the acquisition, exploration, and future development of resource properties. The company is developing the Casino project into Canada’s premier copper-gold mine. It holds significant gold, copper reserves in its Casino project located in the Yukon, Canada.